Cost of Living in New Richmond, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
109.2
100 = national avg
+9.2 vs national average
Living Wage (1 Adult)
$48,058
per year
Living Wage (Family of 4)
$113,592
per year
Cost Index by Category
Housing99.6
Food110.5
Transportation121.1
Healthcare108.4
Utilities106.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,051
per month
2 Bedroom
$1,353
per month
The overall cost of living index in New Richmond is 109.2, which is 9.2% above the national average. Housing costs are below the national average at an index of 99.6. A single adult needs to earn approximately $48,058 per year to cover basic expenses.